On September 2, 2025, U.S. Representative Zachary Nunn sent a letter to the chair of the Committee on Foreign Investment in the United States (CFIUS) highlighting concerns over ownership transparency of certain bitcoin mining firms and suppliers connected to China. The national security attention on bitcoin mining supply chains reveals why corporate boards and their…

Elon Musk is once again testing the boundaries of the law on fiduciary duties. In September 2025, Tesla proposed to give him a new compensation package valued at more than $1 trillion, the largest in corporate history. Shareholders are scheduled to vote on the package this November. The proposal comes less than a year after…

As technology’s importance to companies grows, so does the need for what we call “digital governance:” leveraging technology within governance structures and managing the risks it presents. In a recent paper, we examine how China and India are addressing these two tasks, and we do so by focusing on the impacts of hard and…

Proxy advisers play a pivotal role in corporate governance by providing institutional investors with recommendations on how to vote at shareholder meetings. These firms influence key corporate decisions, including the election of directors, executive compensation, and governance policies, thereby exerting a substantial impact on the management of publicly listed companies around the world. Given the…

In the summer of 2025, shares of Robinhood hit an all-time high following the announcement of ambitious plans from the e-trading giant to expand its financial services. The plans involve launching new initiatives, including Robinhood Strategies, Robinhood Banking, a prediction markets hub, and expanded crypto offerings for retail investors. Robinhood touts itself as a…

Executive Summary

• What is new: The Trump administration’s Working Group on Digital Asset Markets released a comprehensive report outlining some 100 policy and legislative recommendations to position the U.S. as a global leader in digital assets and blockchain innovation.
• Why it matters: The recommendations provide regulatory clarifications and new frameworks across market structure, banking, stablecoins, illicit finance

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Last month, the White House released a report titled “Winning the Race: America’s AI Action Plan” (the “Action Plan”), which builds on an executive order released by the Trump Administration in January.  The Action Plan outlines three pillars: (1) accelerating AI innovation; (2) building American AI infrastructure; and (3) leading in international AI diplomacy and…